BUL blue energy limited

Well these are great results guys, but I dont really see what is...

  1. 4,234 Posts.
    Well these are great results guys, but I dont really see what is in here that we didnt already know or have very strong suspicions of. The gas content and net coal are finally reported; but they were already reported as being excellent in the previous anns.

    The gas bearing sand stuff is new information which is quite interesting considering the heavy faulting in the area.

    I think I read recently that the density cutoff used in some reserve assessments has gradually been increasing as the science behind CSG is proved up, moving upwards from 1.75gmcm3 to well over 2.0. Could be good news, especially for Galilee where they had some very significant coal intersents but had to 'trim' down their coal figures on lower densities.

    Anyways. Good to finally see them spruiking some news that at least sounds positive!

    SF
    PS: I thought Peter Bond (LNC) had coined the phrase 'world class'. Dangerous territory Blue are entering now :)
 
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